42.6 C
Iraq
Sunday, June 28, 2026

Gold Prices Move Differently in Baghdad and Erbil Markets

The gold prices in Iraq showed mixed movements on Sunday across Baghdad and Erbil. Prices stayed stable in the capital while Erbil recorded a slight decline...
HomeEconomyGold Prices Move Differently in Baghdad and Erbil Markets

Gold Prices Move Differently in Baghdad and Erbil Markets

The gold prices in Iraq showed mixed movements on Sunday across Baghdad and Erbil. Prices stayed stable in the capital while Erbil recorded a slight decline in some categories. Traders described the session as calm with no major shocks in demand. Buyers and sellers continued normal activity despite small price differences between the two cities.

In Baghdad, gold prices hovered close to 900,000 Iraqi dinars per mithqal. Markets on Al-Nahr Street reported steady rates compared with the previous day. The selling price for 21-carat gold reached 898,000 dinars per mithqal, equal to about five grams. That level remained unchanged from Saturday’s trading session. Buyers saw little variation, which helped maintain stable trading conditions.

Dealers in Baghdad also recorded different rates depending on gold type. The selling price of 21-carat Iraqi gold stood at 868,000 dinars per mithqal. Meanwhile, buying prices reached 864,000 dinars. Jewelry shops across the city showed slightly wider ranges. Gulf-style 21-carat gold sold between 890,000 and 900,000 dinars per mithqal. Iraqi gold jewelry traded between 870,000 and 880,000 dinars in most shops.

The gold prices in Iraq reflect both global trends and local market demand. Traders in Baghdad said steady demand helped keep prices stable during Sunday’s session. They also noted that international gold movements remained limited, which reduced pressure on local pricing. As a result, the capital experienced a calm trading environment.

In contrast, Erbil markets showed a small decline in certain gold categories. Dealers sold 22-carat gold at 960,000 dinars per mithqal. They also priced 21-carat gold at 907,000 dinars. Lower purity 18-carat gold traded at 777,000 dinars per mithqal. These figures suggested slight adjustments compared with earlier sessions.

Despite the difference between cities, overall trading activity remained consistent. Jewelers in Erbil continued serving steady customer demand throughout the day. Many buyers focused on smaller purchases due to price sensitivity. Even so, market movement stayed within expected ranges without sharp fluctuations.

The gold prices in Iraq continue to follow global bullion trends alongside local currency conditions. Experts often track these changes to understand consumer behavior and investment interest. Small variations between Baghdad and Erbil remain common in daily trading. Sunday’s performance reflected a balanced but cautious market across both regions.